Cheddar afternoon business update 11/6: Amazon CEO cashes in

<p>The world's richest man sold over a billion dollars&rsquo; worth of his shares last week.</p>

News 12 Staff

Nov 6, 2017, 8:18 PM

Updated 2,534 days ago

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Amazon shares are near all-time highs, so CEO Jeff Bezos is cashing in.
The world's richest man sold over a billion dollars’ worth of his shares last week, leaving him with more than 16 percent ownership in the company he founded.
Bezos says he’ll invest the money in his private space company Blue Origin.
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However, rival Lyft saw a 33 percent increase during that time.
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Users have been warned about the scam and are being instructed to go to the Netflix site to check their accounts, not click on the phishing link.